In recent news, Volcano – a popular electronic cigarette company based out of Hawaii, has released a statement on the FDA’s Proposed Regulations.
Volcano expresses that they are pleased to see that the FDA is taking sensible steps towards applying the regulations. They feel that the required age limit was a must and obviously a fair proposal as well.
However, Volcano is looking at the over-all picture the FDA has drawn, and feels that “the proposed set of regulations could significantly increase the retail cost of goods to consumers and remove many products and smaller sized companies from the market completely.”
We are happy to see an extended comment period in which we can voice our concerns over the proposed set of rules. With over 100 full time employees and 12 retail locations, we’ll be watching and engaging in the process to ensure logical, safe, and pro-consumer regulations. Our main concern is whether or not the rules will ultimately be over-reaching or be measured in accordance to the overall economic and public health benefit these products bring. – Cory Smith, CEO and Co-Founder of Volcano Ecigs
Though Volcano has already established itself as one of the leading e-cigarette companies in the industry, the company has always been very involved with the online vaping community. What’s great about Volcano, is that even though they are more commercialized as a brand than many of the other popular community built e-cigarette companies, they continue to act as a small one. Their customer service, quality products and focus towards the community has never changed throughout its process of building its brand.
Many of the leading e-cigarette companies are all in on the proposal because they have the funds to deal with whatever issue may arise or requirements and applications that may turn into a lengthy process. In addition, they know the proposed regulations would make smaller companies suffer and possibly tap out. Fortunately, Volcano Ecigs is against this proposal – must like many of the smaller companies and majority of consumers.
I think the main concern for all manufactures and retailers will be the application process and the cost companies will have to bear to get through it. The FDA’s proposal will require that all electronic cigarette products introduced onto the market after February 2007 be registered with the FDA which equates to nearly 99% of all products currently on the market. In the interim though, the FDA is proposing to allow companies to conduct business as usual. – Cory Smith
The truth is, if these rules are set in stone, there are many smaller electronic cigarette companies who will have to make plans to close shop. Even though there’s still another 2 years to continue to conduct business, if the funding isn’t there for required applications and certain standard requirements to operate, many employees from these small companies will lose their job. What happened to small businesses growth and job creation being a priority?